Anthropic will have to pay at least 60-75B per year to fulfill its various obligations. If you think it can do this without raising at least 100B of capital, try building a model that demonstrates how. Try it and see how far you get.
The idea that Anthropic needs to raise hundreds of billions via this IPO seems to run contrary to the facts. They are not burning cash.. they're actually generating positive free cash flow.. but more importantly they already have $130B+ of cash and short-term investments (i.e. treasuries), with virtually zero debt outstanding.
And with rates at 4%, they're earning over $5B of interest income on their existing balance sheet cash alone, lol.















